DEFINITION
“A BASIC INCOME IS A PERIODIC CASH PAYMENT UNCONDITIONALLY DELIVERED TO ALL ON AN INDIVIDUAL BASIS, WITHOUT MEANS-TEST OR WORK REQUIREMENT.â€
-BASIC INCOME EARTH NETWORK (BIEN)PRIMARY GOALS• PROVIDE BASIC ECONOMIC SECURITY • ELIMINATE BENEFIT TRAPS • LESS PATERNALISTIC THAN CURRENT WELFARE PROGRAMS • REDUCE FINANCIAL ANXIETY • ENCOURAGE COMMUNITY INVOLVEMENT AND VOLUNTEER WORKHISTORYThomas Paine,inspired by the Iroquois’ way of life,suggested a “groundrent†be paid annuallyLouisiana SenatorHuey Long proposed minimum income of$2,000-2,500G.D.H. Cole, a political economist at Oxfordcoined the term “basicincomeâ€Idea entered politicalmainstream; variantendorsed by PresidentNixonMartin Luther King, Jr. endorsed the idea ofa guaranteedincome1795 19671960s19531934EXAMPLES OF CURRENT EXPERIMENTAL TRIALS ONTARIO, CANADA: […]
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